Pressure Technologies Share Discussion Threads

[netcurtains] 01/12/2020 16:22

Thanks for the tip Nesquikme - I do like these so I bought a few. I think £1 is a realistic target.

[pictureframe] 01/12/2020 16:07

Nice breakout now

[sphere25] 01/12/2020 15:56

Certainly close to a breakout.

First significant bullish move in a while coming up?

[nesquikme] 01/12/2020 15:23

Can see 100p

[pictureframe] 01/12/2020 15:19

Market seems to like it. Almost breaking out

[sphere25] 01/12/2020 09:23

I guess that explains why the price didn't push on when making that initial bullish move. Should provide a floor to the price but alot of shares to issue vs more secure finances.

Noted the near majority of shares rallying on securing funding earlier in the year but looks like this one is stuck for the timebeing. I guess this is par for the course when you move along the risk spectrum. Even though this is a far higher risk play imo with a complete mixed bag, it is short term vs long term again:

Short term numbers:

"However, tougher trading conditions, Covid-19 disruption and the previously announced deferral of revenue and profit for a defence contract into the year ended 2 October 2021 ("FY21") resulted in a reduction in Group revenue for the year to approximately GBP25 million (2019: GBP28.3 million) and overall the Group is expected to deliver an adjusted(1) operating loss for the year (2019: GBP2.2 million profit)."

Longer term potential:
"CSC has a strong order book going into FY21, with high-margin projects, including the defence contract deferred from FY20, weighted to the first half of the year."

PMC alot more issues and then there is the Hyrdrogen side which appears to be cause for optimism.

Which will the market focus on?

[jeevsje] 30/11/2020 23:58

I was expecting a raise of a few million pounds, but not as much as £7.5 million. Guess discussions with Lloyds did not go that well.
Expecting brighter future with the strenghened balance sheet.

[cerrito] 30/11/2020 23:47

I went into the primary bid deal for a token amount.
Good that the placing price is such a small discount to thr market price but the fact that the number of shares just from the placing will increase by 63pc is spooky and suggests that when and if dividends are resumed they will be modest.
Be interesting to see how much they use to reduce Bank debt.

[martyn15] 30/11/2020 17:08

Primary bid too, seem confident of a share price boom...

[jeevsje] 30/11/2020 17:01

There you go, the placing that i had been expecting.

[luzley] 24/11/2020 12:14

Surely hydrogen not electric?

[my retirement fund] 24/11/2020 11:47

Hows that then?

[nesquikme] 24/11/2020 10:09

I like them for the Electric Vehicle potential



;0)

[luzley] 24/11/2020 09:57

Yep. Moving up nicely as people actually research the share rather than lazily 'taking a punt' on a no-hopes.

[nesquikme] 24/11/2020 09:38

Short term looking for 105p here

[games] 23/11/2020 16:26

Remember fy21 will have an added £3.1m
From greenlane. Date was brought forward two years to June 21,

Initially it was £4.1m with a date of 2023.

[my retirement fund] 23/11/2020 16:15

indeed it does look to be a possibility, rude not to get a toe in!

[pictureframe] 23/11/2020 14:36

Been waiting for the breakout and here we are so small stake taken

[sphere25] 23/11/2020 14:36

Had to have a go with the stream of buys coming in and a chart like that. Hard one to refuse.

Price has now shifted from flat to up 4% with the chart now threatening a significant breakout higher.

[sphere25] 23/11/2020 14:20

Been watching this one since last week. You have certainly stirred some interesting with notable buying today.

It's one that has a tendency to disappoint investors but the chart looks interesting. Could be one to trade as a short term speculative play if it breaks out, as it usually motors when it starts to move.

[luzley] 22/11/2020 15:42

I think the current institutional holders can see the apparent buffer between current MCap of £11m and a realisable asset value of around £31m. Pressure Tech has already primed the market to expect a writedown of £14m to clear the table and I expect a loss of around £4m. That gives an MCap of £11m versus assets of £13m and an excellent base on which to quickly gain traction. The new chairman in my mind is key to turning around the company as he appears well connected and extremely competent. Once travel restrictions are lifted we can also expect the revalidation team to be very active with pent-up demand. I believe that these are strong reasons for existing Instos to continue to support Pressure as they can see a clear horizon ahead. They are party to board access that we are sadly not.

[cerrito] 22/11/2020 15:05

You are right Luzley to highlight the hydrogen string to their bow, especially in light of the way that the share price of their neighbour ITM has risen; the experience gained at Pau; and the fact that they are an approved supplier for Shell.
All that said remember that hydrogen revenue was zilch in the six months to April, the area that Chesterfield are in is more of a commodity product and I see it difficult for hydrogen to generate a rerating of the shares.
They key to the share price in the immediate term depends on the patience of the current institutional shareholders.

[luzley] 22/11/2020 12:07

Hydrogen producers seek to utilise ‘green’ renewable energy sources, such as wind farms and solar panels, to power onsite large-scale systems which generate hydrogen and store the gas for conversion into other energy sources. Key to a seamless solution is the ability to deliver up to 700 Bar high pressure pure H2. Pressure Tech is ideally placed to supply 700 bar vessels as is highlighted by the Shell refuelling station tie-up. Huge upside for this transformational progress in green energy adoption.

[luzley] 21/11/2020 16:10

This has multibagger written all over it. If this comment stimulates you to do the research ahead of the pack then your efforts should be handsomely rewarded. No I'm not doing it for you and posting all the results on here. Do the homework, do the thorough research and make your decision. The value of all the assets are significantly above MCap even after expected writedowns and Pressure is exposed to markets with huge upside.

[energeticbacker] 13/11/2020 12:13

As growing amounts of money move into the ESG space, Investor’s Champion’s latest article highlights the difficulty in satisfying all the demands of the ESG acronym, with particular reference to smaller companies on AIM.
#hat #pres #frx #tsla